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2 Summit Drive # 41, Reading MA 01867

Reading, MA 01867
$207,558
Est. $1,927/month
2
Beds
2
Baths
1,134
Sq Ft
$183
Price/Sq Ft
1970
Year Built
Condominium
Type
40
Days on Market
Closed Listed Jan 26, 2011 • MLS# 71182354 Copied!

About this home

The largest unit at Summit Towers with over 1100 square feet of living space. The master bedroom in this corner unit has a full en-suite bath and a walk in closet. The oversized balcony can easily accomodate a patio table and four chairs. Summit Towers is a stone's throw from Rte 128 near the Rte 93 interchange. Laundry facilities on site. elevator building, extra storage, ample parking excllent reserves and high owner occupancy.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1970
Bedrooms
2
Full Bathrooms
2
Living Area
1,134 sq ft
Total Rooms
4
Stories
1
Entry Level
4

Sale Statistics

Sale Overview
Original List Price: $225,000
Final Sale Price: $207,558
Difference: $17,442 (-7.8%)
Performance Metrics
92.2%
List to Sale Ratio
Sold below asking price
40
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft: $198
Sale $/sq ft: $183
This property sold for $183 per square foot
Sale Summary

This property sold for 7.8% below the original asking price.

The property spent 40 days on market before selling.

Nearby Sales Comparison

Based on 6 similar properties sold within 0.5 miles in the last 90 days

This Property
$183/sq ft
Area Average
$237/sq ft
Difference
22.8%

This property sold below the area average, potentially representing good value for the buyer.

Facts & Features

Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1970
Living Area 1,134 sq ft
Bedrooms 2
Full Baths 2
Total Rooms 4

Interior

Heating Central, Natural Gas
Cooling Central Air
Flooring Carpet
Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator
Fireplace None
Basement N
Laundry None
Features None

Exterior

Construction Brick
Architecture None
Roof None
Features Balcony
Pool Association, In Ground
Spa None
Fencing None
Patio/Porch None

Parking

Features Off Street, Common
Total Spaces 2

Utilities

Electric Circuit Breakers
Water Public, City/town Water, City/town Sewer
Sewer Public Sewer
Gas None
Other For Electric Range, For Electric Oven

Financial

Annual Tax $3,271
Assessed Value $237,000

Interior Features

Flooring: Carpet
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator
Interior Features:
Windows:
Basement: N
Laundry:
Security: Intercom

Construction & Materials

Year Built: 1970
Structure Type: Garden, Mid-Rise
Exterior Materials: Brick
Roof:
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Central, Natural Gas
Cooling: Central Air
Cooling Zones: 1
Hot Water:
Water Source: Public, City/Town Water, City/Town Sewer
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Balcony
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Total Parking Spaces: 2
Parking Features: Off Street, Common

Location

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Neighborhood

2 Summit Drive # 41, Reading MA 01867

Reading, MA 01867

Walkability

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Nearby Schools

School District
Reading School District local
A
✓ School Safety 2024-25
0.4% Low
0.4% Suspensions 0.2% In-School
↓ 5.1% below state avg
E

Elementary Schools

6 schools
A
Joshua Eaton School
0.8 mi | #93 of 824 | Score: 59.7
Improved 34 spots from last year
+1.5 above state avg
388 students Moderate
Rising School Strong Attendance
Grades K-05
A
Alice M Barrows School
1.6 mi | #158 of 824 | Score: 56.8
Dropped 82 spots from last year
-1.5 below state avg
365 students Less Diverse
Strong Attendance
Grades K-05
RISE PreSchool
1.9 mi
116 students Moderate
Grades PK
A-
Birch Meadow School
2.1 mi | #240 of 824 | Score: 52.9
Dropped 160 spots from last year
-5.3 below state avg
359 students Moderate
Strong Attendance
Grades K-05
A
J. Warren Killam Elementary School
2.2 mi | #94 of 824 | Score: 59.7
Improved 18 spots from last year
+1.5 above state avg
406 students Moderate
Strong Attendance
Grades K-05
B+
Wood End Elementary School
3.1 mi | #275 of 824 | Score: 51.6
Dropped 192 spots from last year
-6.6 below state avg
236 students Less Diverse
Strong Attendance
Grades K-05
M

Middle Schools

2 schools
A
Walter S Parker Middle School
1.3 mi | #62 of 352 | Score: 54.7
Dropped 26 spots from last year
-3.6 below state avg
467 students Moderate
Grades 06-08
A
Arthur W Coolidge Middle School
2.1 mi | #43 of 352 | Score: 58.1
Improved 32 spots from last year
-0.1 below state avg
405 students Less Diverse
Rising School Strong Attendance
Grades 06-08
H

High Schools

2 schools
Austin Prep School
2.1 mi
Grades 06-12
A
Reading Memorial High School
1.9 mi | #65 of 346 | Score: 65.1
Dropped 5 spots from last year
+6.8 above state avg
1,094 students Less Diverse
18 sports • 2,420 athletes
Strong AP Program High Graduation Rate College Ready Curriculum Strong Athletics
Grades 09-12
Learn about these ratings
School data provided by BMN Schools

Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
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After down payment
Total Interest
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Over life of loan
Total Cost
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Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $273
Homeowners Insurance $200
HOA Fee $405/mo
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

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Current Rate
$0/mo
+0.5% Rate
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Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Market Insights

7.8%
Price Range
41
Total Days on Market

Property Timeline

✓
Sold
Apr 29, 2011
$207,558
Property sold
Days on Market: 41
🏠
Listed for Sale
Jan 26, 2011
$225,000
Original listing
Agent: Kathy Devine Office: Summit Real Estate

Price & Status History

Date Event Price Change
Jan 26, 2011 New Listing Added $225,000 —

Market Statistics

Days on Market
40 days
Price per Sq Ft
$183

Tax History

Year Taxes Assessment
2011 $3,271 $237,000

Financial Details

Annual Property Tax
$3,271
Tax Year 2011
HOA Fee
$405
Per month
Assessed Value
$237,000

Listing Information

Listing Agent Kathy Devine
Listing Office Summit Real Estate
Agent MLS ID B0389168
Office MLS ID B70006
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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Market Analytics for Reading, MA

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2 Summit Drive # 41, Reading MA 01867 - Photo 1 2 Summit Drive # 41, Reading MA 01867 - Photo 2 2 Summit Drive # 41, Reading MA 01867 - Photo 3 2 Summit Drive # 41, Reading MA 01867 - Photo 4 2 Summit Drive # 41, Reading MA 01867 - Photo 5
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